South Korea will require companies in the country to disclose their cryptocurrency holdings in detail from next year.
South Korea Financial Services Commission (FSC) 11 July In the draft law published on from 2024 from companies on their balance sheets crypto assets in detail accounting announced that he would need The draft law also covered companies that issue cryptocurrencies.
According to the information given, companies on their balance sheets their crypto assets, fiscal period what they did in trades and from these transactions profits and losses in detail will explain.
In addition, the crypto money issued by crypto money issuer companies qualifications, business models, internal accounting policies They will need to disclose in detail in their financial reports.
In addition, owned cryptocurrencies notebook And market value to these assets owner having or issuance It will be among the details found in the financial reports of companies dealing with
FSC said in a statement on the subject, 30 June With this law, following the adoption of the law enacted on transparency will be increased. stated. Also, the draft rules South Korea Board of Accounts by 7 July It was also among the FSC’s statements.